Daiichi Life Insurance Co. Ltd. Invests $4.74 Million in Teradyne, Inc. $TER

Daiichi Life Insurance Co. Ltd. purchased a new position in Teradyne, Inc. (NASDAQ:TER) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 9,789 shares of the company’s stock, valued at approximately $4,736,000.

A number of other large investors also recently bought and sold shares of TER. Community Financial Services Group LLC bought a new stake in Teradyne during the second quarter worth about $29,000. Elevation Wealth Partners LLC increased its stake in shares of Teradyne by 1,320.0% during the second quarter. Elevation Wealth Partners LLC now owns 71 shares of the company’s stock valued at $34,000 after purchasing an additional 66 shares in the last quarter. Mcdonald Partners LLC bought a new position in shares of Teradyne during the second quarter valued at approximately $36,000. Hilltop National Bank purchased a new position in shares of Teradyne during the second quarter valued at approximately $41,000. Finally, McIlrath & Eck LLC purchased a new position in shares of Teradyne during the first quarter valued at approximately $30,000. 99.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TER has been the topic of a number of analyst reports. Bank of America boosted their price target on Teradyne from $365.00 to $525.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Susquehanna lifted their price objective on Teradyne from $415.00 to $550.00 and gave the company a “positive” rating in a research note on Tuesday, June 30th. Robert W. Baird reiterated a “neutral” rating and set a $420.00 price objective on shares of Teradyne in a research note on Friday. UBS Group boosted their target price on Teradyne from $440.00 to $500.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Finally, JPMorgan Chase & Co. raised Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 target price on the stock in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $396.80.

Teradyne Stock Performance

Shares of Teradyne stock opened at $375.74 on Friday. The company has a 50-day simple moving average of $386.46 and a two-hundred day simple moving average of $353.78. The stock has a market capitalization of $58.74 billion, a PE ratio of 51.54, a price-to-earnings-growth ratio of 0.76 and a beta of 1.78. Teradyne, Inc. has a 52-week low of $109.56 and a 52-week high of $487.91.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.09 by $0.38. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. The business’s revenue for the quarter was up 103.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.57 earnings per share. As a group, equities research analysts forecast that Teradyne, Inc. will post 9.1 EPS for the current fiscal year.

Insider Transactions at Teradyne

In related news, CEO Gregory Stephen Smith sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $425.00, for a total value of $1,700,000.00. Following the transaction, the chief executive officer directly owned 112,495 shares of the company’s stock, valued at approximately $47,810,375. This represents a 3.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.19% of the company’s stock.

Teradyne Company Profile

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.